The company behind 'American Idol' has filed for bankruptcy

The producer of "American Idol" has filed for bankruptcy less than a month after the show's final episode aired. Core Media Group filed for Chapter 11 bankruptcy protection on Thursday, saying it has not yet found a way to replace revenue earned from "American Idol." The show was once a ratings juggernaut and huge profit driver for Fox. It averaged more than 20 million viewers every season from 2003, it's second year on the air, through 2011, according to ratings tracker Nielsen.
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